Trading Spot and Futures Contracts.. The Difference is Heaven and Earth
Spot contracts are a clear and straightforward trade where you actually buy the asset, own it, and can sell it whenever you want. The risks are calculated, and the money stays in your hands. This is a cleaner and purer method, showing respect for your ownership, mind, and conscience.
However, Futures contracts are a disaster walking on legs. Here, you are not buying anything; you are gambling on the price. If the price goes up a bit, you win; if it goes down a bit, your money is gone in a heartbeat. Moreover, the majority of knowledgeable people see it as forbidden by law because it's similar to gambling. This means you have no guaranteed money, and your conscience is not at ease.
Risk Management
In Spot trading, there is a reasonable purchase size and a logical stop loss with calculated risk.
In Futures, no matter how skilled you are, a big loss can wipe out your account if the market goes against you in an instant. The leverage here literally slaughters you.
If you have any sense, stay away from Futures contracts; this is not trading, it's a trap. Stick to Spot; it's safer for your money